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have arisen in the context of whether u.s. law roe v. wade or what we've seen recently on gay marriage not just here but globally. i think the church that's been throughout its history a constant voice. it is the one thing that you can always go back to. and so there is that stability i think that this pope will want to maintain. >> kathy as quickly as you can, you heard what michael steele said about some of these traditional social issues, do you agree? >> i do agree. in fact, the fact that and he was jesuit was held against him a little bit in the past. at the last conclave there were some questioning of him in that regard. but he has in fact taken some bows and arrows from jesuit of a more liberal bent. so i don't expect anything but a continuation. >> very good. thank you ever so much. mary thompson great stuff all day today. >>> now we go from the spiritual to the material. that's what the kudlow show does. we had blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear
that i call this the black hole law. because what the federal government is doing, expanding the size and scope of the black hole of information of your banking records that they will be able to access across the board exposing people to even further threats. the biggest problem is what we're dealing with here this law, this proposed rule coming out of the treasury is creating more questions than answers. >> we don't know what the limits are. the way the deal works, greg, as i understand it, the treasury department does have the authorities when banks, let me make this clear, banks report what is called suspicious customer activity. now, you tell me. as i understand it now, the cia, nsa, intelligence agency, they can go right into the banks themselves? is that what we're talking about? >> first, you need to understand the scope of information that is provided by banks is far larger than most people think. because banks overcomply here, and it's going to provide access to the fbi to basically all law enforcement agencies now, which includes the cia, nsa, so many others, but also, larry
! >>> >>> the tiny island of cyprus sets off big scare with plans to set off the rule of law. they want to tax all bank depositors large and small to pay for a bailout. this has never happened before.e are in trouble. if nothing happens, optimism runs the show. cyprus is the money ground for dirty money from russia and other rogue nations. the government of cyprus is scared to death of insulting vladimir putin. we'll have an expert who will play this scenario out for us. "the kudlow report" begins right now. >>> first up, let's get the latest on the cyprus report. michelle joins us by phone. >> good evening. the details are changing, but the one core fact important to investors is true. for the first time ever in the european crisis, portions of bank accounts will be seized in order to pay for a bailout. cyprus agreed to this to get a 10 billion euro loan to bail out their banks. what is still unclear and controversial is whether insured deposits will also be seized. original plan was if you had an account in cyprus with less than 100,000 euros, would you have to pay a tax even though it falls bel
at the borders to make sure people aren't bringing out large amounts of cash. normally under european law, that would be prohibited. but there are exceptions for emergencies. it's going to be pretty tough here over the next couple of days, larry. and if they don't come up with a deal, which people still think is actually quite possible, this could be a situation where we're talking about a country leaving the euro. but we're not there yet. back to you. >> all right. many, many thanks, michelle caruso-cabrera, we appreciate the update. you'll continue to give us live reports tomorrow on cnbc throughout the day. meanwhile, the finance minister of cyprus will present a plan to russia tomorrow that apparently would have the oil and gas company restructure the cypriot banks in return for full natural gas exploration rights. of course, this would bail out the russian money launderers and other depositors in the cyprus banks. no doubt, russia is invested in this crisis. the country reportedly keeps $19 billion in personal deposits in cyprus. nobody knows what that means. nobody knows what the pa
of years. john boehner said, it's the law of the land. he walked that back afterwards, but that is what he is thinking. this is a fight that will take place in policy documents and political documents like ryan budget but when it comes to funding -- voting on bills that will become law, obamacare -- >> this continuing resolution does not have funding for bom a bomb -- for obamacare. >> it won't. >> they will find a deal to fund it through other monies, they will not crimp it, obama will not sign thinking that will slow it down. >> we will track it, i have to jump, this is a big fed day, stocks generally liked what they heard from ben bernanke, i wonder if he was signaling a little let easy money, that is my take next up on kudlow. there's this island -- and it's got super-cute kangaroos. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's
person they insure next year when the law takes effect. that's beyond the increased cost of covering them in the first place and it comes to $25 billion. get this, boeing, gm and ford already lobbying to change the fees. listen to this. so is the uaw and a whole bunch of unions. they are going to have to pay the fees because they are health care providers. let's go to grace marie turner, jimmy williams and michelle caruso-cabrera. grace, do we have that right? the unions are lobbying against this because they are going to have to pay this thing. >> opportunemones thought they were going get all these new members by having people forced to purchase health insurance and organize these workers. every time you turn around wait a minute we don't want this. we want a waiver from these early provision. we don't want to pay this tax. we don't want to pay this fee. we don't want to pay these other 19 taxes that are coming. every single one of these tax. a trillion dollars in taxes. >> this is an insurance company shakedown is it not? they got extra costs because they have these mandates to put on,
Search Results 0 to 5 of about 6